Here’s is another trade this morning on the EURUSD using binaries. This time the setup was on the 60-minute chart instead of the 15-minute chart.
Another Trade this Morning on EURUSD Using Binaries
Just like the trade earlier today, the 60 minute was overextended to the upside and a reversal bar to the downside formed. Although price did not move substantially, using binary options, it is simply a matter of whether price is below your strike (in this case) or not by expiration.
The entry had a risk of $35 per contract. Although the initial price target was at $10, Gail did change this when price was hesitating around the $20 area. The result was a profit of about $45 per contract. Not what Gail anticipated but sometimes you have to take what the market is offering.
TradersHelpDesk currently offers two packages for trading EURUSD using binaries — Create Your Own and Silver Package. Both the Create Your Own Package and Silver Package are on special this week and include the indicators, documentation, and online video training. Plus, if you are new, I even connect and install the indicators for you! For those that just wish to use the Trend ATR indicator it is also on special for only $295.